2012-09-26
2012-10-04
x eng
x humana

STATION
MSNBCW 21
MSNBC 18
FBC 14
CNBC 13
FOXNEWS 12
CNN 10
CNNW 10
KPIX (CBS) 4
WRC 4
WBAL (NBC) 2
LANGUAGE
English 120

Set Clip Length:


is expected to attack the president on economy, and foreign policy and so far we have not seen what he will do for a second term. so, what do you anticipate the president will have to do, jehmu, in order to get ahead of this foreign policy gap that's going on right now in the wake of the death of four great americans. i don't know, kelly, i disagree with you. we haven't seen from president obama what his next four years would be, we have not seen anything from governor romney on what his business-- his presidency would look like, all he's done is attack the-- >> during the debate. >> what he will do during the debate i think is remind the american people of his record on counterterrorism, and that is not something that governor romney is going to be able to poke any holes in, and i think he will also remind the american people of when it comes to the economy, that it's the turn around is going to take time. >> oh. >> and you've seen president clinton talk about why it took eight years to get us surpluses and i think it will be finally clear, because, unfortunately. >> jehmu. >> the media has f

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's a point you made earlier in an earlier segment that the bottom line is the economy is still very, very weak. i'll tell you, we've been on overweight equities for the last six or nine months. we're now starting to pull back some of the risk. yes, the market could rally higher. i don't see the stimulus up as much as i did when everybody didn't believe qe-3 was coming. i think there's more negative potential headlines. we're taking risk off the table right now and hopefully we'll re-enter at a lower position. >> it's interesting. rickntelli, the fiscal cliff keeps coming up. that's one of the biggest issues in terms of keeping businesses from making any real decisions here, putting money to work, and it's also the highlight going into the election. >> it is. i guess the real irony is even if the fiscal cliff didn't exist, the outlook economically, both domestically and globally, is deteriorating. really, it's a bit of a double whammy. i'll go back to what i said the last time we discussed this an hour ago. if you look at the 21 weeks from mid-october to march of 2000 when the nasdaq crash

is behind because americans probably feel better than they did before jobs and the economy even though it's terrible. it's sort of the -- >> right track, wrong track? that's interesting. tell me. just stretch that out a little bit. >> i think americans see a glimmer of hope. there is slight improvement in the economy, and i think that some people, for example, a state like ohio, battleground state, thanks in my view to the governor that the unemployment is down. that's true in some of the others. i understand how tough this campaign is. i do believe that media coverage has something to do with it. but that is what it is. i think most americans will still be making up their minds after the debates and maybe right up to election day. >> let me turn attention to overseas, i know there are some things that concern you. but let mee first ask you about libya, the deaths of those four americans, including the american ambassador to libya on september 11th. friday we got the administration sort of definitive statement this looks as though it was a preplanned attack by a terrorist group and some o

. on the issue that's supposed to be republican mitt romney's strength, the economy, he's trailing the president with a "new york times" news poll showing on the question of who can better handle it, ohio voters give the president an edge of 51% to 45%. >> i woke up every day doing everything i can to give american workers a fair shot in the global economy. >> there's danger signs. they declared ceos see slower economic growth the rest of the year with lower expectations for sales, capital expenditures, and hiring. the chairman of the round table, boeing chairman, said in a statement, quote, "the down shift in quarterly sentiment reflects continuing concern about the strength of the recovery including uncertainty over the approaching fiscal cliff." the sour report is more significant because he chairs the president's export council. >> i know that all of us, business or government, share the goal of strengthening our economy and creating more jobs. >> another vulnerability for the president could be the deficit promising to cut it in half by the end of the first term, but it's topped $1 trillion

and the sovereign bond market and watch the politicians fail to do what's necessary to get these economies to grow. you have to stabilize the patient before you try and fission their long-term problems. the politicians don't do this. that means europe stays in a recession. for u.s. investors, i think it is still something of a side show. >> something of a side show. until they either come up with the austerity or -- something's got to give, right? >> because it doesn't disrupt the u.s. economy. the u.s. economy is still growing. our exports to europe are only a very small part of our gdp. the housing market recovery is much more important to the improvement of wealth. we're seeing some improvement of confidence. we're seeing rising home prices. all these are more important to the united states than what's going on in europe. >> mark, how do you see it? you invested in europe these days or no? >> a little bit, maria. you know, i guess the thing i would say about europe and soon to watch on our shores is you're going to pay more and get less. i look forward to the dislocation between price and value

and the economy growing 1.3%, 20 million unemployed i hear it is the economy stupid. the people are not responding to a horrible economy, a terrible pe situation and no plan to go forward. >> not attack ads notvery day i criticism they want to know not the specifics. >> we no hope and change was the fancy slogan. but that turned out not to be the case. they just beat up a president how much can you like a man who was not delivering?vering? at the end of the day he is a failed leader. ba i will cut taxes but i toepeo don't know how much. i will repeal but i have to wait.is presi oba but mathat is the mitt romney slogan.romney instead of saying here is my plan, i have been running six years. lou: if that is true the voters want specificity. why would they not what performance and the plan? >> but we don't have confidence in obama but less paular of governor romney. >> basically this president who ha has blamed his policy on hi failures now has a wonderful advantage to run against an an opponent he can blame is that correct? >> the thing that amazes meng ta i look at the polls. the country wants cha

if the economy is growing 3% or above, the presidents would have major headwinds. he will be facing trouble for it. lou: recent polls show incredibly that the romney campaign has been unable to capitalize on the president's economic policy failure. >> we will take all of that back up again. also, israel's prime minister benjamin netanyahu, calling on the united states and united nations to draw a clear red line on iran's nuclear program and former ambassador john bolton. also, shelby steele on how group and identity politics is shaping this presidential election. turning back to the president's so-called new economic patriotism, the polls and what we can expect over the final 40 days now until election day. clinton adviser, fox news political analyst, doug schoen. also, ed rollins, former reagan political director, it's good to have you with us weather thank you very much for having me. lou: let me start with this new theme. we can all agree that the president has a thing called forward i want to understand, if you will, the motto or mitt romney. this is a man ready to sell himself. you don

the stagnation we've had. i mean, the economy is limping along nationally. we got 23 million people struggling to find work. 15% of americans today are living in poverty. president obama came in with one party rule, and was able to pass nearly every item on his agenda. what we ♪ you do ♪ something to me ♪ that nobody else could do i knew it'd be tough on our retirement savings, especially in this economy. but with three kids, being home more really helped. man: so we went to fidelity. we talked about where we were and what we could do. we changed our plan and did something about our economy. now we know where to go for help if things change again. call or come in today to take control of your personal economy. get free one-on-one help from america's retirement leader. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we'

of the economy, and if that stops jobs are going to stop, too and so is everything else. >> larry, i think those are very good points. i would argue most of the weakness we are seeing in the manufacturing side is a function of much weaker export s because of weakness in europe and asia. i think what we are seeing in the latest chicago data is a catchup with all the other weakness we had seen in earlier surveys. i think the economy is weak. it's not strong by any means but the labor market looks like it is growing. i don't think it will rollover from modest job growth. claims are ploe low and tax receipts are improving. >> 1 30i7b 3% depend we got earlier this weak. a lot of people would call ate growth recession. i want to ask is this stall-speed or an actual recession? >> i think we have slowed since the 1.3% second quarter number larry. we are seeing durable goods orders down in july and august. we are seeing the pmi is down. importantly, europe is moving in to a recession. germany is now in recession and china is not doing its stimulus. you have a coordinated global slow down starts now and i

now, we see an economy which is expanding. we see employment which is one of the key indicators of recession, still growing. so we expect the economy to continue to grow. that's our best forecast as of now. so we're not expecting a recession. that being said, with an economy growing only sort of 1.5% to 2%, that is not fast enough to lower the unemployment rate. that is my concern. >> all right. we have reaction now to that. and today's big gains in our "closing bell" exchange, plus we're talking strategies for the coming quarter. a quarter that has historically been good for the bulls. with us today, todd of black bay grou group. paul shots of heritage market. and our own rick santelli. paul, i'm going to start with you because you make a bold statement. you feel right now ben bernanke is irrelevant. what do you mean in. >> bill, i think the fed's done the most part, they've laid all their cards on the table. if you're playing poker, they're all in. it's qe unlimited. if $40 billion is not enough, they'll go to $50 billion, $60 billion, $100 billion. each qe has had less of an

overall economy, we've seen some positives in recent days. the ism services surprised on the up side today, 15 million car sales yesterday and of course stocks have been rising since a year ago today. the s&p is up 32%. so things can't be all that bad. how will the investor class vote in 34 days? but first up, both mitt romney and president obama are in their respective hotel rooms now. they're making final preparations for the big debate and cnbc's own john harwood joins us live with the details. good evening, john. >> good evening, larry. two hours from that debate we've gotten a reminder in the last 24 hours with a slew of polls of how high the stakes are in this debate. we forget sometimes because we talk about how mitt romney is down in the race but he's still got a chance. only down 3 points nationally in the journal/nbc poll. in key swing points he's pulling even in florida, down 1, closer in virginia, down 2, he's still down by 8 percentage points in our poll in the state of ohio, which is a problem for this reason. look at the map of swing states. if you look at the ones where mit

of those people work and have children. >> president obama and the economy. how is he managed to avoid public retribution for not fixing the economy? >> it's not a normal thing. >> the extraordinary work of a clinton initiative. >> keep pushing the rocks up the hill. >> big ideas from the big names. dee pock chopra, things get lively at the global initiative. you want to make farming sexy, don't you? this is "piers morgan tonight." >>> mr. president, thank you very much for sparing the time to talk to me. you are in the eighth year now, of the clinton global initiative. i would imagine all the world leaders you managed to amass here, there are a few topics of concentrated attention. probably right at the top of the list would be this simmering tension between israel and iran. now, i interviewed president ahmadinejad last night and he was adamant that he has no plan to build a nuclear weapon, that he has purely peaceful intention. clearly, most people here don't believe him. what is the smart thing for america to do right now, given the ratcheting up of the rhetoric on both sides? >> i

's driving voters. >> i think the economy is better today than it was three years ago. >> pelley: reports from our campaign 2012 team. after one of the worst calls in football history, there is movement today on getting real officials back on the field. jeff glor is covering. and michelle miller on a bittersweet homecoming for the indiana national guard, happy to be back from afghanistan, but mourning the men that they lost. >> i would gladly give my life to bring all four of them back. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. 41 days before the election, president obama is opening leads in states that mitt romney can least afford to lose. have a look at our new poll today. the president now has a 10-point lead in the swing state of ohio, 53% to 43. in florida, another key swing state, mr. obama's lead is nine points, 53% to 44. and the president leads by 12 point in pennsylvania, 54 to 42. this quinnipiac university/cbs news/"new york times" polls has a margin of roar of three points so the leads are significant. our cbs news

, a shortage of water is keeping not just crops but the entire economy gov growing. ice government cuts its economic growth estimates. erthony mason looks at the drought and other threats to jobs. israel's prime minister shows how close he believes iran is to a nuclear bomb. how close is it? david martin looks into that. mark phillips on a controversy ealthe art world. she has that mystic smile, but ?s this a real mopa lisa? who says crime doesn't pay? jim axelrod on an auction of memorabilia from america's most notorious criminals. >> reporter: this was in clyde's waistband? captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. it turns out the economy is growing even more slowly than we thought. the government told us that u.s. growth in the second quarter was an anemic 1.7%, but today, the commerce department put out a new estimate showing us it was even less than that, just 1.3%. and this is what caught our attention in the report-- the government said half of the downward revision can be blamed on the drought. it's destroying crops, incl

for lou dobbs. an election that was supposed to be all about the struggling economy, right? now leading to questions over the president's handling of foreign policy and the administrations truthfulness to the american people. to reporreport the united states diplomats in libya asked the obama administration repeatedly for additional security right up until the september 11, 2012 attacks. house oversight committee chairman darrell ice looking to secretary of state hillary clinton for answers. telling congressmen issa the extra resources are being denied despite firebombings and online death threats. vice presidential nominee paul ryan seizing onnthe commission to launch attacks at the democratic ticket. >> feature if you turn on the ty you can see that the obama foreign-policy is unraveling before our eyes. it's not just an isolated incident where we lost four americans in libya. that's tragic. but it is part of a bigger story of the unraveling of this agenda all over the world. we have distanced our ally, israel, we are not advancing our interests in the middle east, and the president i

to face president obama. he says the economy is getting worse and present obama will face mitt romney whether he has written off 47% of america. we go to washington with more. >> good afternoon, there is a lot at stake for both these candidates and they know it. one side is trying to be more aggressive than the other is trying to keep his cool. they will have 6-50 minute blocks of questions about domestic issues. republicans say the bar is high for the president, a skilled debater and think that mitt romney's aggressive style may throw the president off. >> he has the facts and he is tenacious and that is the difference between four years ago and this time. >> the democrats say he has to be specific. >> americans are looking for details and i think he will seek president obama continue to do that. >> president obama is three points ahead with likely voters with mitt romney gaining ground. >> those voters are likely to be hispanic and ages 29 or so. as a consequence of this being slightly older and less hispanic, it moves to the direction of mitt romney. >> mitt romney is closing the g

the issues, to talk about how we continue to build this economy and strengthen it going forward over the course of the next four years. >> and in terms of the defense that he has to play, the romney team are attacking him for not creating a budget, in three years, of course the argument the counter argument would be the republicans for three out of the four years were in charge and -- at least one house, and were blocking him in the senate. but they will come at him on the economy. what is the response going to be? >> well look, i think the president -- the response obviously is two fold. let's talk about where we've come from, losing 800,000 jobs a month to 30 plus months of positive private sector job growth, added 5 million jobs, you know, since we hit the bottom and -- but i think what's most important and voters want to hear is what you going to do as president going forward and i think the president will be anxious to talk about bringing manufacturing jobs back from overseas and putting americans back to work, improving our educational system, recruiting and training math and s

any issue, including the economy where he's at a six-point deficit to the president. six points on the economy? oh, my ohio. mitt romney knows that's trouble. and in a brand new ad one reason is clear, as romney plays face the camera doing his best damage control over that 47% video. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> and, cut. very good. that was marginally convincing. maybe a little more -- tell you what here's an example of a politician speaking this afternoon in bowling green with genuine authenticity and commitment. >> my opponent may think it's fair that someone who makes $20 million a year like he does pays a lower rate than a teacher, i disagree. i don't think that's fair. i don't think it helps grow our economy. i refuse to ask middle class families to give up their deductions for owning a home or looking after their kids just to pay for another millionaire's tax cuts. we're not going to do that. >> dear me. did we mention ohio voting starts in

of the economies, and i think because of that mitt romney's gin more chances than he otherwise would to make his case to the american people. i think this very first debate next week may be his last best chance to make his case. >> do you think if the debate's a flop for mitt romney that all of a sudden some super-pacs and big dollar donors, some of the establishment, do they begin to abandon him next thursday? >> i think it will certainly heighten and go to defcon five. what's the next color is on the homeland security chart, i lose track of them, we'll probably go to. i think what mitt needs to do, craig -- >> fuchsia. >> -- is really be himself. stop trying to be a conservative. he's not. we're not talking about a guy with deep ideological convictions. his real moral convictions are in his family where he has a picturesque american model there. beyond that, he's known for making money for himself and other people and creating jobs for those who don't have wealth. that's who he needs to be. >> it sounds like steve is saying let mitt be mitt. is it too late for that? >> well, it's not as though

private enterprise to grow the economy. the other, his version of president obama's view is that government is still in control of everything. the challenge for governor romney and the debate on wednesday is going to be fully articulate his vision for america's future to the largest audience of his political career. >> we need to give the american people the choice we are offering. that is what we are offering. we owe the country a very clear choice of a different future. we can have a dynamic growing economy that produces opportunity or we can have a stagnant opportunity that fosters dependency. >> romney campaign is looking for a solid performance, no knock outs which the governor has become famous for. he has been avoiding those since he tried to make the with governor perry. >> what is the word on the foreign policy message for romney? >> the governor has an op-ed in the "wall street journal" saying of president obama, by failing to maintain our new, president obama has heightened the instability. he does not understand that an american policy that lacks resolve can p

has obama leading romney 49-46. the economy is issue number one and whose plans are better for the middle class. to answer that we are holding our own debate right here on the kudlow report. we are joined by new jersey democratic congressman and jim gillmore to make the case for governor romney. there will be time to talk among your selves at my disgression. the first question is going to congressman big paskrel. 1.3% gdp 25 million people out of the workforce. mr. president, what is your solution to the prosperity and the recovery that continues to elude us? >> over the past 30 months we have had an increase in private sector jobs. but that is the direction we are going in. if you remember what happened before that, when the president raised his hand in january of 2009, we were losing 700 no,000 jobs a month. but the fact of the matter is we are going in the right direction now and we should keep doing that. the president supports the position on the creation of jobs and the government can't do everything but it has a responsibility. we have lost public sector jobs and we

if the governor wants to, he can use this format, which is open ended on the economy, talk about the economy, but also about american strength and how that can or will be affected in the future economically. so i wouldn't be surprised at all if what you saw in that op-ed that governor romney wrote for the "wall street journal" doesn't become part of a response to a larnler conversation about not just economics in america, but the economic projection, the values projection and foreign policy pro jex. >> let me ask you about the deb krzyzewskied. it's going to be six segments. the moderator has some ability to let it go and bring the conversation more broadly. breathe more than we've seen in the past. does that favor one person or the other? >> no, i don't think so. i think as you know, who goes first was determined by coin flip and there's a slight advantage of having your opponent go first. in the opening, romney won the coin toss because president obama goes first and that means that mitt romney can make adjustments after he's spoken, even after that some. i think in the larger scheme of th

] humana. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> check this out. this is new news tonight. this past spring, florida's republican governor, rick scott, started a purge to get people off the voter rolls in florida. one of the floridian voters who was targeted in that purge was a man named uhroll araliga. he got a letter from the state of florida this spring ordering him to prove his citizenship within 30 days or lose his right to vote. he was very concerned, he sent in his proof of citizenship. today he was told by mr. rick scott's administration, that's not good enough, he's going to prove his proof of citizenship all over again. they're trying to purge him a second time. rick scott's election divisi

pressure on the iranian economy but they have not worked for the objective they were designed which is to stop the iranian nuclear weapons program and change the risk/reward call cue laws of the iranian leader khomeni. he will make it very clear, that iranians have five bombs worth of low-enriched uranium which takes them 70% away from nuclear enriched-uranium. they're looking to increase that 20% which would take them 90% away from having a bomb and burying their uranium facilities deep below a hardened bunker underneath a mountain. very soon the israelis will have very limited military options to strike that. and u.s. may have a limited military option sometime soon. so i think the prime minister is going to say, look the time to stop talking about sanctions is now. the time to start talking about making it very clear to the iranian regime their weapons-grade uranium will be destroyed in the military strike if they don't compromise is upon us. jenna: we just saw a pick you are it of the prime minister benjamin netanyahu. i want to point it out to our audience it was him on the pla

bay economy depends on. >> this is a working man's ball team. you know? $2 tickets today. where else can you go to get $2 tickets? >> reporter: the commission is planning other meeting with the as in the next couple of weeks. until then, first things first. >> let's go, oakland! >> reporter: in oakland, cate caugiran, cbs 5. >> and talk about the perfect day to be at the ballpark. >> no kidding. cbs 5's roberta gonzales joins us now live from the coliseum with a front row seat. >> reporter: i found the best tailgate party in the entire coliseum! [ screaming ] >> reporter: the fans are jump on the bandwagon fans, they have been coming to games all season long. this is the 79th home game of the season and comes down to the last game of the season for bragging rights. who is going to win the title? >> oakland! whoo! >> reporter: the good guys today, we have so much more to talk about from the coliseum, that's coming up later on in the program. roberta gonzales, cbs. back to you in the studio. >> no kidding. >> great stuff, roberta. >> hope she gets some barbecue. >>> the as look it go o

, to the extent that there's been any economy growth at all, it's been -- whatever we have had has been completely funded -- remember what obama said, i'm going to build a new foundation. it's built on easy money and borrowing. >> the only argument, the only argument that romney and the republicans have is look how terrible things are, they're the america lose crowd. >> that's their only argument. >> so guess what, bright signs in the market you indicated today. bright signs in manufacturing. it couldn't possibly be because of good public policy. >> you realize this year's worse than last year, right? >> i know you're an obama insider. >> no, i'm an outsider. >> does president obama understand the federal reserve? the reason i ask is does he know what bernanke's doing? the reason i ask this is that most people only recognize a third to a half of the intelligence reports. >> he's too good for that. most people have reported that he's only gotten and he got it online through his ipad. do you think he understands, do you really think he understands what's going on in the federal reserve? >> i do. any

cain had to say about the economy, but in the context of that romney ad, it only presented the words as if they were coming right out of the president's mouth and that wasn't the case. i've tried to go back to the romney campaign and say was this the ad that you corrected or removed. they just haven't gotten back to me on that. but anderson, mii mean, the rean why this is so important and crucial to the romney campaign, this line of attack on welfare and on welfare reform, what they accuse the president of doing with welfare reform, it fits into a narrative that they've been trying to say about the president for weeks now and that is that the president encourages government dependency, that he would rather see people who are dependent on government than go back into the work force and you heard mitt romney talk about that in the interview today, that he wants to get more people back to work instead of being dependent on government, and so that is why you did not see him back away from that claim today. >> lori, do you recall the romney campaign removing or correcting any ads or frank

that turned. before then, i think it was a referendum on obama's tenure as the leader of our economy. >> right. he had bob portman, he had a perfect chance to win ohio to say i'm a centrist mainstream republican. here i am. i told you people on the right where i stand on things. i'm now not going to pick the most radical, both fis fiscally and in terms of physical policy guy in washington of any influence. he went to ryan and he stuck with him now and he brought him nothing, ryan. >> charlie crist, a rmepublican and now independent and he does support president obama. governor, good to see you. to carl's point as well as lynn's and let's talk about this selection of paul ryan. you come from a state obviously with a very large older population, key voting bloc. they vote in big percentages. did he buy into, my choosing ryan, the medicare plan which now in every swing state shows not just that people favor president obama's approach but they favor it by double digits. this isn't even close. >> it's pretty stunning. i think the selection did make that a crystal clear choice between these two cand

on the economy wednesday night. but foreign policy is something that's critically important given the current state of foreign policy where we have a leader now whose foreign policy has made us weak in the eye of the rest of the world whereas governor romney believe in peace through strength. >> all right. let's talk about the expectations here, karen. the game from both sides has kicked into high gear over the weekend. i want to remind everybody. take a listen. >> president obama's a very, he's a very gifted speaker. he's an experienced debater. he's done these kinds of debates before. this is mitt's first time on this kind of a stage. >> we'd expected all along governor romney will have a good night. he's prepared more than any other candidate in history. >> and i think for us to raise the expectations, he's got to do something spectacular. those things don't happen in debates anymore that there's a spectacular event or gaffe. they're too well rehearsed. >> in this week's debate president obama has a great deal to lose. romney's is the most difficult position. obama's is the most dangerous.

're finding things to do on the consumer side. i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're ver

with romney failing to make the sale on almost any issue, including the economy where he's at a six-point deficit to the president. six points on the economy? tt rney kha. trouble. and in a brand new ad, one reason is clear, as romney plays face thecamera, doing his best damage control over that 47% video. >> president obama and i both care about poor and middle class e difference is, my policies will make things better for them. >> and, cut. very good. that was marginally convincing. maybe a little more -- tell you what, here's an example of a politici speaking this nuauti an in bowlingreen wit come >> my opponent may think it's fair that someone who makes $20 million a year, like he does, pays a lower rate than a teacher, i disagree. i don't think that's fair. i don't think it helps grow our economy. mi t give up their deductions for owning a home or looking after their kids just to pay for another millionaire's tax cuts. we're not going to do that. >> dear me. diwe mention ohio voting starts in sidays? i'm delht to be joined now by former ohioer t strickland with us from columbus

night. >> pelley: tonight, a shortage of water is keeping not just crops but the entire economy from growing. the government cuts its economic growth estimates. anthony mason looks at the drought and other threats to jobs. israel's prime minister shows how close he believes iran is to a nuclear bomb. how close is it? david martin looks into that. mark phillips on a contwo verse net art world. she has that mystic smile, but is this a real mopa lisa? who says crime doesn't pay? jim axelrod on an auction of memorabilia from america's most notorious criminals. >> reporter: this was in clyde's waistband? captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. it turns out the economy is growing even more slowly than we thought. the government told us that u.s. growth in the second quarter was an anemic 1.7%, but today, the commerce department put out a new estimate showing us it was even less than that, just 1.3%. and this is what caught our attention in the report-- the government said half of the downward revision can be blamed on the droug

to the 800,000 visitors who come here every year as well as the local economy. >> it is beautiful. i'm glad it didn't fall down. >> reporter: barbara and jerry haynes snapped photos of a scaffolding free washington monument while they still could. >> we're used to earthquakes in california, but now we're here we know it's a little different. >> i have to say this registered 7.4 on my richter stale. >> reporter: now two men who each visited the washington monument as children now lead a team that will repair it. >> if you really look at the total cost of the project, it's almost entirely being spent in this region for both manpower and materials. >> it will mean that there is jobs for scaffolding companies, for stone companies and for other small businesses. >> reporter: the project is challenging. the heaviest damage to the monument is between 475 and 530 feet, considered the most difficult area to access. andrea mccarren, 9 news now. >> repairs have already been completed on the monument's elevator which was severely damaged by the earthquake last year. >>> iranian president mahmoud ahm

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, if we do not act immediately, we will not have an economy by monday. this is the place that had taken us to. this is the place that president obama and house democrats tried to take us the from. this is the place that the republican majority has blocked any of president obama's initiatives to do more to help individual families in our country. but how could they possibly even pose the question, are you better off, when the chairman of the fed, that day, four years ago, and one week ago, if we don't act immediately, we will not have an economy! an economy by monday. we certainly are better off, and as a country, and now we have to make sure we elect a democratic house to work with the president, so that we can pass the jobs bill, that we can pass political reform. you can't separate -- walter ruth said you can't separate the bread box and the ballot box. if you want the right politics for working families, you have to get to the polls. drive for 25. >> that about whether or not it is possible for the democrats to take the house is shifting with each continued day of very, very blue polls

in the belief that growing our economy against with a strong, thriving middle class. read my plan. compare it to governor romney's and decide for yourself. thanks for listening. >> the president introduced the theme of economic patriotism into his stump speech at a campaign event in virginia today. >> during campaign season, you always hear a lot about patriotism. well, you know what? it's time for a new economic patriotism. an economic patriotism rooted in the belief that growing our economy begins with a strong and thriving middle class. >> this is a new line in the president's campaign speech. it's not simply a call for policies and programs to support the middle class. it's a contrast with his opponent. the contrast is on full display in another ad using mitt romney's own words. >> there are 47% of the people who will vote for the president no matter what, who are dependent upon government, who believe they are victims, who believes government has a responsibility to care for them, who believe they're entitled to health care, food, housing, you name it. they'll vote for the president n

how we're worried in that stagnant obama economy more people are becoming dependent on economy. >> what could be better for the emotional stability of a presidential candidate than your running mate calling you inarticulate? never mind. paul ryan is the one key numbers guy. so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all the math. >> all right. you know what, mitt? you better put paul ryan away somewhere. send him to a sports bar somewhere in ohio. at least he can have a few beers with voters. he's got that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not b

the economy. when we announced qe-3, those were exactly the conversation we were having on the point, but still the market rallied and later on down the line, you rationalize it as the initial event wasn't so powerful. now we're doing exactly the same in europe. every time we go through this process. >> let's take an attendance call. volumes are still considerably low. today is a holiday. last week we had a significant holiday in the u.s. attendance is just low. there's not the kind of participation. so if you get something like that that spooks a few participants who actually are in the market, it's going to have a more profound effect and you'll see a percent and a half pullback. >> where do you stand on the notion that there's going to be a chase for performance in the fourth quarter and therefore will want to be in this market, putting sort of a floor underneath? >> that's a legitimate concern for people who aren't fully invested, but up to where they should be in terms of risk on with their portfolios. i do see there's considerable amount of risk to have that continue to push ag

economy. >> this is a serious charge. you're suggesting because t average boy or girl on the bus doesn't relate to rom i in, most of them are not mormon or come from the world of finance or have a hard time relating, that they're letting that influence the way they cover him as a presidential candidate when we do have to point out here he's made a lot of miss stanges which should, of course brks covered. >> i'm not denying that but i do thifrmgt certain candidates don't get the positive coverage. i think that that personal december like doesn't help. al gore dealt with some of those same things, being seen as stiff, wasn't friendly to them and i just think that does -- whether or not the reporters are trying, i think it colors the coverage. >> i think it's more about personality with regard to politics and paul ryan is the best example. thanks to the real vivid finance his message and also how he conveys it, i think he's had pretty fabulous treatment in the press and maybe actually a lack of scrutiny of what he's saying. >> i'm going to call a halt here because i want to talk about pau

is just outside the margin of error. those polled rank the economy as the most important issue. on that, the two candidates are in a tie. governor romney leads when it comes to the handling of the budget deficit. however, the president is ahead on every other issue including health care and national security. we have team fox coverage. carl cameron has the latest from the romney campaign. first, we go to ed henry in las vegas. what do we know about the president's debate prep? >>reporter: they have tried to keep that quiet. we have spotted senator john kerry who is playing mitt romney in the mock debate sessions for the president in the las vegas area. he has been spotted in the lobby of the hotel, with reading glasses and a pile of papers, going through this like it is a final exam and researching every last bit. the president, when he delivered pizza to campaign volunteers to show he has a calm, cool image headed into the debate, he made clear he also things this is like a final exam. he has been holed up, long hours, inside, dealing with a big workload. >> it is all very nice. althou

country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> voters in ohio don't believe romney on this front at all. when it comes to the economy, 51% of ohio voters say they trust president obama against 45% of voters who trust mitt romney. obama has an advantage on the economy in ohio, because basically, this state is a national success story when it comes to the economy. listen to mitt romney's ohio surrogate, governor john kasich. doesn't sound like there's much reason for ohio voters to make a change. >> you know, i hope you all know that ohio's coming back from 48th in job creation to number four, number one in the midwest. from 89 cents and a rainy day fund to $500 million, and we have grown 123,000 jobs in the state of ohio. our families are going back to work. >> governor kasich, you forgot to tell us where you stood on that automobile thing that was kind of big in your state, one in eight jobs are connected to the automobile industry, which, of course, president obama helped out with the automobile loan,

to which they are pumping new cash into the economy which was information that came out last night contributed to a good day in the shanghai stock market, up 2%, it's done horribly for many, many, many months, is that chinese cash injection a big surprise in the same sense that the fed's cash injection was always big surprise? >> i think them coming out and saying that -- affirm something that some people thought, just like people thought there was going to be qe-3 but it wasn't until they affirmed it and we saw stocks take off again. we saw qe 1, qe-2, qe-qe-3. look at our poverty rate, our unemployment rate. that's not a recovery. >> housing prices are getting better. >> that's a bubble. incomes aren't going up. >> housing is in a hugh bubble? >> look at what happened to mortgage rates. >> this is literally unfounded. you're combining these really big stories about poverty which is all legitimate debate to have with a shorter term story with respect to what's happening in the market and i would add after qe 1, after qe-2 and now qe-3, the initial reaction was stocks turned lower.

, if we don't act immediately, w will not have an economy! an economy by monday. ta better off, and as a country, and now we have to make sure we elect a democratic house to work with the president, so that we can pass the jobs bill, that we can pass political reform. you can't separate --alte ruth saidou'tarate the bread box and the ballot box. if you want the right politics for working families, you have get to the polls. drive for 25. >> that about whether or not it is possible for the democrats to take the house is shiftin with each contied df , very blue polls of the presidential race and down ballot. congresswoman nancy pelosi of california, the former speaker of the house, current democrac leader of the house, always nice to have you. >> thank u, my pleasure. >>> coming next, a candate keoushoy. thndidate responds by telling a lie about how honest he is. i'm hoping this one is performance art. ♪ [ male announcer ] introducing a stunning work of technology. introducing the entirely new lexus es. and the first-ever es hybrid. this is the pursuit of perfection. now we ne

't push the economy but can push foreign affairs. different story from our commander in afghanistan and the guy who runs afghanistan as well despite what the president said about al-qaida, they have bad news. >> al-qaida has come back and a resilient organization. they are not here in large numbers . they don't have to be anymore in large numbers. >> the reason for nato invasion was terrorism . terrorism has not gone away. it has increased. >> steve: that is not helpful for the president and his men. look what he's doing with foreign policy. >> gretchen: yesterday. paul ryan from wisconsin was asked about president obama's foreign policy and this is what he had to say. >> they are sponse was slow and confused and inconsistent and part of a bigger picture of the fact that the obama foreign policy is unraveling before our eyes . >> steve: what is happening right now in the middle east is the ugly fruits of the bum pumforeign policy. 20,000 killed and iran on the brink of having a atom bomb and russia thumb their nose . >> eric: the interview last night with karzai. terrorist attacks h

straight. the president is conning the country the economy is then the ditch the debt is out of control. everything he promised four years ago across america has not come near what he promised. we will let out a better vision for the country mitt romney will do that tonight. lou: will he be aggressive to take the debate to the president? >> i think sell and the president has made it easy. think of the save some four romney. -- safe zone. it is a kill shot. connolly, debt, jobs and then what is your vision? what will you do to get the economy at of the ditch? reduce spending small business taxes 20 percent across the board and the keystone pipeline that is very specific within the first 100 days. lou: obama must think good thing it is from a and not reince priebus. >> the president needs to stop calling names and playing high-school student government and getting serious and how will the next four years me any better. >> we are seeing some battleground states in national polls in ohio is a significant lead and how concerned are you it could move that measure? >> you may have six tiers 70

this economy going again. i care about the people of america. >> reporter: as new polls show ohio slipping away. romney down by ten points in a new poll out this morning, and nearly that in another recent poll. after that video of romney talking badly about the 47% who pay no income tax. today, from romney, more compassion in a new minute-long tv ad. >> president obama and i both care about poor and middle class families. the difference is, my policies will make things better for them. >> reporter: romney's problem is historic, nobody has won the white house without winning ohio, romney sounded optimistic today in an interview with nbc news. >> can you win ohio? >> i'm going to win ohio, in part because i have for support of people in ohio. >> reporter: but the problem, obama is here, too, today, his 29th visit since taking office, and not letting anybody forget that other number, 47%. >> i don't believe we get very far with leaders who write off half the nation as victims who never take responsibility for their lives. >> reporter: the president stopped at campuses, ralliy young supporters. suc

the message is one governor romney brought here two days ago is that the economy cannot stand another four years of the president's failed economic policies and they're out here in the mountain west and the great plains and hear congressman ryan talk about the keystone pipeline and focusing on the country's national resources, bringing energy jobs online and putting people back to work and expecting the president to hit him on other things. >> one thing, though, ron, the obama campaign said, though, if romney loses ohio it is likely game over. is there a sense that the republican campaign is feeling that pressure? >> reporter: yeah. i think they're acknowledging they're behind. they don't believe it's game over and no republican president ever has gotten to the white house without taking ohio and even though he's behind, campaign insiders saying that their internal polling is much closer race than the public polls and will leave them where they are. they think they have a fight in ohio on their hands. >> ron mott reporting. now christin welker in bowling green. >> reporter: good afternoon

making $50,000. >> it's the right way to encourage economic growth. you grow an economy from the middle out, not from the top down. >> one thing he did not do in his first four years, just to raise taxes. >> it's time for a new economic patriotism. >> you were lucky enough to attend cran brook. >> you wear crummy shoes. people notice. >> we should measure compassion by how many people are able to get off welfare. i got everybody in my state insured. i don't think there's anything that shows more empathy and care. >> teach a man how to fish. >> my heart aches for the people i have seen. >> don't simply feed fish. >> every now and then i'm known to make a mistake. >> we throw our own penalty flag at mr. romney and mr. ryan. >> romney, ryan, romney, ryan. >> so that people don't get tired of her. >> when you go after my man -- >> stop it, this is hard. you want to try, it get in the ring. >> was i a little strong? >> never apologize for america. >> people will call my awful things every day. there are going to be bumps in the road. >> what's with the wily coyote nuclear bomb? >> 90 minute

to the right? it's the economy, stupid. you're running against a president with 8% unemployment and 1.3% gdp growth. i can't imagine why you would talk about anything else, especially race, which this president i think has done a wonderful job of leading us on. >> eric, why a speech from 2007 being released now, tonight? is it anything other than politics or why do you think it's significant? >> well, i think there's an expression of frustration on the right, among a lot of people who feel like major members of the media have spent a lot of time vetting republicans in a way they never did about barack obama, including this and from what i'm being told tonight, there's actually a portion of this that we haven't seen, and i think it feeds into a perception on the right that the media hasn't really vetted barack obama as they have republicans, and that you have the democratic national committee tonight already sending out press releases of reporters' reactions being dismissive of this. there's a huge perception on the right that the media has behaved badly in this campaign, whether members of t

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